To help developing nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to developing nations under the ?
Correct answer: C. generalized system of preferences program
- A. international commodity agreements program
- B. multilateral contract program
- C. generalized system of preferences program
- D. export-led growth program
Explanation
The Generalized System of Preferences allows industrial countries to grant developing countries unilateral, non-reciprocal tariff reductions. Its purpose is to improve developing countries’ export competitiveness without requiring equal concessions.
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